Hi Lee,

Tomorrow will be quite the day, especially with the added intrigue of a historic press conference with Fed chief 'Helicopter' Ben after the FOMC announcement...that moniker seems particularly apt coming into this meeting, as we should find out if those helicopters that have been dropping money (liquidity) from the sky at a record clip finally get grounded for awhile.

As for shorting Gold, I could understand that might have been a bit of a slog today...the better option this week has been to short the Gold stocks...so far so good for me on that front. The action in the gold indices/etf's (HUI, XAU, GOX, GDX, GDXJ, XGD) strongly suggest that a further breakdown in Gold is quite probable, as they do tend to lead.

Also, for those looking to play a break in Silver, it has been much easier to simply short the big blue Silver equities such as Silver Wheaten (SLW), Silver Standard (SSRI), and Silvercorp (SVM). They've all been in the process of topping/breaking down for about 2 weeks now. Same goes for the junior and intermediate producers. As for Silver itself, I have a relatively small short position that I will add to when further confirmation that the parabolic move has exhausted itself appears.

Here's a good view of the leading Silver stock, SLW, currently leading to the downside of course...